Convenience Stores: New Investment in Guatemala

The Circle K chain of stores, originally from the United States, will open its first store on June 19, which will be in Zone 9 of the country's capital.

Grupo Intur, a business firm that already operates the chain of stores in Honduras and Costa Rica, reported that it will be in charge of investments in Guatemala and that the first point of sale will be in Plaza Asadis, Boulevard Liberation.

Regarding the business line of the chain of stores, reviews Prensalibre.com that "... The modality of attention in this type of stores is 24/7, with a diversity of products, beverages, fried foods, sweets, and hotdog and other groceries."

The article adds that "... In Central American countries such as Honduras and Costa Rica, Circle K franchises are managed by Intur Group of Honduras, the same firm that will bring it to Guatemala. In Honduras there are more than 30 points of sale, and in Costa Rica more than 12. In 2012 the firm brought Dunkin to Guatemala, of which they already own several stores. The first was the restaurant in Miraflores."

More on this topic

Automercado has inaugurated a new point of sale in Guadalupe, San José, and next year it plans to build another in Curridabat, in the east of the capital.

The supermarket which opened its doors in Guadeloupe, required an investment of $1 million, and is the 21st point of sale of the chain Automercado.Representatives explained that "...This is the second supermarket inaugurated under this brand name in the course of 2017 (another opened in Santo Domingo de Heredia last January), thus fulfilling the number of openings planned in the expansion plan from 2016 to 2024."

In the last five years in Costa Rica the number of these types of outlets has increased by over 30%, and companies in the sector project continued growth in the medium term.

Sales at the 141 convenience stores operating in the country, according to figures from Euromonitor as reported by Nacion.com, have also grown significantly in the last 5 years, going from $44 million in 2010 to $178 million in 2015.

The dynamism and growth of the past two years is being maintained with the arrival of new competitors in a market which already totals 143 outlets in the Greater Metropolitan Area of ​​Costa Rica.

Added to well-known brands such as Fresh Market, AM PM and Vindi, all using the convenience store format, there are now local bakeries from the Musmanni chain, branded Musmanni Super Mini, owned by Florida Ice and Farm.

Panamanian pharmacies are offering more than medications, turning into convenience stores.

Capital.com.pa reports that: "This is a business model used by large chain pharmacies in the United States, for whom the Trade Promotion Agreement (TPA) has opened the doors of the country and apparently local pharmacy chains are preparing for possible competition. "

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